re: NYC Rental Market Pushed to Breaking Point by Covid shutdown

quote:

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Once again, a thread where a bunch of people living in Baton Rouge shite on living in one of the greatest cities on the planet. Always makes me laugh.

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Or they’re observant people and understand the drivers of trends.

In my circle (all Millennials), all of this happened within the last eight weeks:
- Sibling and spouse fled Manhattan for Westchester County
- Close friend and wife fled Chicago for the suburbs
- Another close friend and wife fled Chicago for a mid-sized Southern city
- Colleague from work and family are fleeing Chicago for Arizona
- We decided to flee Chicago at the end of the month and are moving to a mid-sized Southern city

The unrest, the lockdowns, the riots, the stupid arse politics, the fiscal situation, and the dramatic increase in crime have removed much of the incentive to live here (and I assume NYC and many other major cities). Talking to realtors, we certainly aren’t the only ones with this idea, and I think the data will back me up when we start getting it. I think major cities and especially Chicago are in for a rough five or ten years. We are fricking out.